The Briefing: Back Market Bags $335M, Copper Banks $50M, And More

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Back Market bags $335M to value the company at $3.2B

Back Market, an online marketplace for refurbished electronics, raised $335 million in Series D financing led by General Atlantic.

Joining General Atlantic in the round was Generation Investment Management, Goldman Sachs Growth Equity, Aglaé Ventures, Eurazeo and daphni. The new funding comes a year after Back Market brought in a $120 million venture round to give it a total of $511 million in funding, according to Crunchbase data. The investment values Back Market at $3.2 billion, the company said.

The new funding will enable the New York-based company, which says it has more than 1,500 sellers on its platform, to consolidate and build on its position in the refurbished electronics marketplace.

— Christine Hall

Fintech and e-commerce

Copper banks $50M: Copper, a U.K.-based cryptocurrency custody firm, raised $50 million in Series B funding led by Dawn Capital and Target Global.

Homzmart bags $15M: Egypt-based Homzmart, a furniture and home goods marketplace, announced $15 million in Series A funding led by MSA Capital.

Amount inks $99M: Amount, a Chicago-based digitization platform for banks and financial institutions, raised $99 million in Series D funding, led by WestCap, to value the company at more than $1 billion.

DailyPay raises $500M: On-demand enterprise pay tool DailyPay announced $500 million in capital that included a $175 million Series D round, led by Carrick Capital Partners, and $325 million in credit capital.

Eat Just lands $170M: Eat Just, a San Francisco-based creator of sustainable foods, announced that its GOOD Meat division secured $170 million in new funding by a group of backers including UBS O’Connor.

Icon Source inks $1.6M: Denver-based Icon Source, a digital marketplace that connects aspiring brands with athletes, closed a $1.6 million seed round from undisclosed investors.

Tea Drops drinks in $5M: Los Angeles direct-to-consumer tea maker Tea Drops raised $5 million in Series A funding led by BrandProject. The new investment brings the company’s total funding to $8.4 million, the company said. Tea Drops offers bagless tea that dissolves in your cup.

Lance banks $2.8M: Lance closed $2.8 million in seed funding to launch a business bank account for freelancers and side hustlers. Round participants included Barclays and BDMI. The capital is intended for product development and marketing. The company says there is no charge for a basic account, but offers a pro version for $12 per month.

Payslip adds $10M to Series A: Ireland-based Payslip, an automation and integration technology platform for global payroll management, closed on an additional $10 million for its Series A, bringing the total funding round to $14.5 million. MiddleGame Ventures led the round.

— Christine Hall

Health care

Vedere Bio II launches with $77M: Vedere Bio II, a Cambridge, Massachusetts-based company developing treatments for vision restoration and preservation, said it launched with $77 million in Series A financing led by Octagon Capital.

Interius BioTherapeutics lands $76M: Interius BioTherapeutics, a preclinical-stage gene therapy company announced $76 million in an oversubscribed Series A round of funding co-led by Cormorant Asset Management and Fairmount Funds.

Sparrow Pharmaceuticals secures $50M: Portland, Oregon-based Sparrow Pharmaceuticals, a clinical-stage biopharmaceutical company developing treatments for disorders of corticosteroid excess, closed $50 million in Series A financing led by OrbiMed.

Atonarp raises $50M: Tokyo-based Atonarp, a manufacturer of molecular sensing and diagnostics products for the health care, pharmaceutical and semiconductor industries, announced $50 million in Series D financing led by WRVI Capital. Atonarp uses light to test blood and other biological samples to produce a digital molecular snapshot. The new funding will enable the company to expand its operations and expedite the development and commercialization of its molecular diagnostics products.

SymphonyRM lands $25M: SymphonyRM, a Palo Alto-based health care company, announced $25 million in Series B funding led by TT Capital Partners. SymphonyRM enables health systems to transform how they acquire, engage and retain patients by creating an engagement model. The company intends to use the new funds on sales and marketing efforts and expand its use cases.

Artificial secures $21.5M: Artificial, a software company providing a first-of-its-kind lab automation platform, closed a $21.5 million Series A investment round led by M12. The company will use the investment to accelerate product development, hire more employees and further life science partnerships. Palo Alto-based Artificial provides a unifying software platform that orchestrates and captures everything in a lab, including all the manual tasks, so that the lab can turn its previously inefficient and error-prone processes into seamless, reproducible and scalable workflows.

emocha Health inks $6.2M: Digital health company emocha Health secured $6.2 million in Series A funding led by Claritas Health Ventures. The Baltimore-based company uses artificial intelligence to improve medication adherence among patients with chronic and infectious diseases.

— Christine Hall


Uptrust raises $2M: San Francisco-based Uptrust, a civic empowerment technology company working to keep people out of jail who shouldn’t be there, closed $2 million in a seed financing round backed by investors including the De-carceration Fund, Luminate and Stand Together Ventures Lab.

— Christine Hall

Enterprise software

Explorium Closes $75M Series C: San Mateo, California-based data platform Explorium announced a  $75 million Series C funding round led by Insight Partners, with existing investors Zeev Ventures, Emerge, F2 Venture Capital, 01 Advisors and Dynamic Loop Capital also participating. The round — which comes eight months after its Series B — brings Explorium’s total investment to more than $127 million. The company’s platform allows companies to digest internal data to predict and model performance.

Styra Announces $40M Series B: Redwood City, California-based Styra has raised a $40 million Series B led by Battery Ventures with participation from previous investors A.Capital, Unusual Ventures and Accel, as well as new investors Capital One Ventures and Citi Ventures. Styra’s platform allows companies to enforce and monitor authorization policy across cloud-native applications.

— Chris Metinko


Recyclops inks $3M: Sandy, Utah-based Recyclops closed on $3 million in seed funding to develop its technology and expansion into 20 additional states to provide tech-enabled sustainability and recycling programs. Lerer Hippeau and Glad led the round.

— Christine Hall

Illustration: Dom Guzman

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